The turnover in the spirits sector in France has experienced fluctuations over the years, with a noticeable shift from a peak in 2016 at 5.99 billion euros to a decline reaching 4.38 billion euros by 2023. From 2013 to 2016, there was a general upward trend, peaking in 2016. However, post-2016, the market saw persistent instability and a general downward trend. Year-on-year changes varied significantly, with notable declines in 2017 and 2019. The last five-year CAGR stands at -1.98%, reflecting a consistent decrease in market value towards 2023.
Forecasts for the coming years predict a continued, though slower, decline in turnover, with a forecasted 5-year CAGR of -0.29% by 2028. Trends to watch for in the future include:
- Consumer shifts towards health-conscious consumption potentially limiting spirits' demand.
- Regulatory changes impacting the pricing and availability of spirits.
- Emergence of premium and craft spirits as growth segments within the market.
- Impact of global economic conditions on disposable income and resultant spending on luxury items like spirits.
